U.S. Treasury Department releases report on the economic value of union labor

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The Treasury Department released a report last week assessing the value to the economy of union labor.

It concluded that the benefits of union membership – which the Treasury estimates increase wages by 10% to 15% – have knock-on effects for non-union workers and the economy in general.

The report found that higher union participation reduces race and gender wage gaps and boosts business productivity.  

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